3 PLACES TO EXCHANGE ETHEREUM IN CANADA

Ethereum is the next profitable altcoin after Bitcoins. Like Bitcoin, its price has increased drastically within a short period. As a potential Bitcoin exchange in Canada, you may be wondering where you can buy Ethereum. Probably, you are dealing with other forex trading or stocks, or even you have a stake in real estate.

Due to the increasing awareness and publicity of cryptocurrencies, you have gained an interest in the field, and now you want to try your hands on it. However, you do not have any information on where to exchange your Canadian dollars to Ethereum. Do not worry. This article presents you with a review on the leading exchanges to trade with Ethereum. Here they are:

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BITBUY CRYPTOCURRENCY BROKER

BitBuy is a leading cryptocurrency broker in Canada. The organization deals with ensuring traders get competitive deals across the world to ensure they sell, buy, or trade cryptocurrencies at a profit. Also, the broker helps an organization in the adaption of Ether and Bitcoins as part of their forms of payments. Besides, this exchange has deals with different cryptocurrencies such as Bitcoins, Bitcoin cash, Ethereum, and Litecoin. As a buyer, you get access to cryptocurrency marketplaces across the world where you can check and compare prices.

So, you can buy the digital coins at a lower price and sell them in a market offering higher rates. Transacting on this platform is easy as all you need is to deposit Canadian dollars or digital coins in your account. After this, you move on to identifying the type of cryptocurrency you want to buy and complete the transaction through transferring your cash using online money transfers such as Bank wire, Interac online, and Interac e-transfer.

COINSQUARE

Another Canadian exchange to buy Ethereum is the Coinsquare. This platform offers safe and affordable as well as a simple way for citizens to trade cryptocurrencies online. Coinsquare enjoys a good reputation across the country due to its transparency in transaction fee and reliable customer services. Also, it has an easy to use interface making it easier for everyone to trade without any handles. Upon signing up on this exchange, you automatically get a wallet address to help you track your digital currencies. Also, your Ethereum and other altcoins are stored in cold wallet.

By this, your coins remain secure and away from hackers’ accessibility. Coinsquare accepts several payment options such as Interac online, money order, wire transfer, Flexepin, Bank draft, and Interac e-transfer. Each of this option comes with a given fee, requirement, processing, and withdrawal time.

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All in all, you can buy Ethereum in Canada using any of the above exchanges. However, you need to determine whether your exchange of choice is in line with your expectations.

ETORO

Even though it is not located in Canada, eToro is available online. For this reason, you can trade on the platform regardless of your location apart from the countries blocked due to regulatory conflict. eToro operates on a social trading approach where users are encouraged to use it for business conversations and advisories seeking activities.

Hence, it offers new entrants an opportunity to learn from the veterans and also copy their trading tactics. However, unlike other platforms, eToro only accepts three forms of payments which are credit cards, bank transfers, and Paypal. Also, you are required to use the same account for sending or receiving cash. Besides, this platform has several downsides.

First, when buying Ethereum in Canada, you can only transact a maximum of $10,000. Also, you will pay a withdrawal fee amounting to $25 if you are transacting other currencies other than US dollars. Again, you can only use fiat currency to trade meaning that eToro does not accept cryptocurrency deposits.

All in all, you can buy Ethereum in Canada using any of the above exchanges. However, you need to determine whether your exchange of choice is in line with your expectations.